Fort Washington Investment Advisors Inc. OH Boosts Stock Position in Comcast Corporation $CMCSA

Fort Washington Investment Advisors Inc. OH increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.3% in the first quarter, HoldingsChannel reports. The firm owned 4,111,230 shares of the cable giant’s stock after acquiring an additional 90,593 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Comcast were worth $118,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CMCSA. Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of Comcast by 4.9% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock valued at $225,000 after acquiring an additional 352 shares during the last quarter. Cora Capital Advisors LLC raised its holdings in shares of Comcast by 3.4% during the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after purchasing an additional 362 shares during the last quarter. FSA Advisors Inc. raised its holdings in shares of Comcast by 5.5% during the third quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock worth $226,000 after purchasing an additional 376 shares during the last quarter. Oakworth Capital Inc. lifted its position in Comcast by 7.4% during the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after purchasing an additional 377 shares during the period. Finally, WPG Advisers LLC boosted its holdings in Comcast by 15.9% in the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after purchasing an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMCSA. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 target price on shares of Comcast in a research note on Thursday, April 23rd. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research note on Friday, April 24th. Finally, Royal Bank Of Canada lifted their target price on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $34.46.

Comcast Stock Performance

Shares of CMCSA stock opened at $23.20 on Friday. The company has a market capitalization of $82.88 billion, a P/E ratio of 4.57, a P/E/G ratio of 1.89 and a beta of 0.67. The business’s 50 day moving average is $25.29 and its two-hundred day moving average is $28.03. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 12-month low of $22.13 and a 12-month high of $36.66.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. Analysts expect that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.7%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.